HECLA MINING CO/DE/

$500m committed across 1 active facility, next covenant test Sep 30, 2026. HL · HL-PB

Mining & Quarrying of Nonmetallic Minerals (No Fuels)

Recent changes

  1. Sep 18, 2026HECLA MINING CO/DE/ signs $500m CREDIT AGREEMENT, matures Sep 2030SEC ↗
Tested quarterlyHeadroom not yet measured3.50x
The Loan Parties shall not permit the Consolidated Net Leverage Ratio, as of the last day of any Fiscal Quarter ending on or after the Closing Date, and calculated for the period of four consecutive Fiscal Quarters ending on such date, to be greater than 3.50:1.00.
Read the filing on sec.gov ↗
Tested quarterlyHeadroom not yet measured3.00x
The Loan Parties shall not permit the Consolidated Interest Coverage Ratio, as of the last day of any Fiscal Quarter ending on or after the Closing Date, and calculated for the period of four consecutive Fiscal Quarters ending on such date, to be less than 3.00:1.00.
Read the filing on sec.gov ↗

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CREDIT AGREEMENT

Signed Sep 16, 2026

Committed
$500m
Matures
Sep 2030
Agent
Bank of America, N.A.
TrancheSizeMaturesMargin
Revolving credit facility$500mSep 2030163–250 bps

Priced over Term SOFR, floor 0 bps (Revolving credit facility).

LevelConditionMarginUnused fee
Level 1< 0.50:1.00163 bps20 bps
Level 2> 0.50:1.00 but < 1.00:1.00188 bps20 bps
Level 3> 1.00:1.00 but < 2.00:1.00200 bps25 bps
Level 4> 2.00:1.00 but < 3.00:1.00225 bps30 bps
Level 5> 3.00:1.00250 bps35 bps

Lenders: BOFA SECURITIES, INC., BANK OF MONTREAL, ROYAL BANK OF CANADA

No amendments on file yet.

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